1172 Deerwood DR
About This Property
Nestled among mature oak trees and surrounded by peace and privacy, this property offers the perfect canvas for your future homestead, family compound, or small country living. The land is split into two parcels, 2 acres and 2.12 acres, giving you flexible options to build, expand, or bring in multiple manufactured homes.
The front 2-acre parcel currently has a manufactured home on site that is not in livable condition, but the heavy lifting has already been done for you. Water, electricity, and septic are in place. Whether you're looking to restore, replace, or start fresh, the infrastructure is ready to support your plans.
Bring your chickens, plant your dream garden, or create a multigenerational homestead with space to grow. Manufactured homes are allowed, and there's room to breathe. With gentle topography and a quiet setting, this is the kind of land that inspires long front porch mornings and starlit evenings.
No HOA. Light restrictions. Country living just minutes from Elgin conveniences.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 18, 2025 | In contract | - | |
| In contract | |||
| Aug 1, 2025 | Listed by Spyglass Realty | $175,000 | |
| Listed by Spyglass Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017